Grade 9-12
,
On-Demand Webinar

The Value of Human Life: What Does Economics Have To Do With It?

Time: 60 mins,
Presenter: Kathleen Brennan
Teacher Version
Objective Standards Summary Description Resources
Print

Objective

Teachers will be able to:

– Show how individuals, firms and governments use implicit valuations.

– Show how to evaluate government decisions using the concept of a statistical life.

Standards

State Standards

Concepts

Decision Making/Cost-Benefit Analysis, Public-Choice Analysis, Role of Government

This video is available to view for EconEdLink members only.

In this economics webinar, discuss how policymakers and private interests make decisions based on outcomes of live and death.

Description

How much is life actually worth? Economists have used a variety of methods to arrive at an answer.

This webinar introduces participants to how the value of a human life is used to evaluate policies in a wide variety of areas— from car safety features to dealing with the COVID-19 pandemic.

 

Resources

Subjects:

Related Resources

Grades 9-12

Risky Spending and Teen Gambling

In this personal finance lesson, students review statistics about underage gambling,  listen to a podcast about teens getting hooked on...
Key Concepts: Decision Making/Cost-Benefit Analysis, Spending, Unplanned Spending
45 mins
Lesson

Grades 6-8, 9-12

Buying Electric Appliances - Watt You Need to Know

In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Opportunity Cost
60 mins
Lesson

Grades 9-12

Can We End Housing Insecurity?

Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government
90 mins
Lesson